EveryMatrix sees 2023 results set new records

EveryMatrix is determined to carry on with its significant results of the past year as the company posted its best 12-month period in its 16-year history. Following a 56% quarterly profit margin in Q4 2023, a third consecutive quarter of growth exceeding 50%, the company has closed the books on 2023, and now officially has a lot to boast about.

Overall, EveryMatrix saw annual net revenue hit €114m across all of its supported verticals and segments, raking in almost double than what it did in 2022 when the company brought €65m in net revenue, and a significant increase from EveryMatrix’s 2019 results which saw the company only net €28m at the time.

Specifically, the casino business generated €588m in Q4 2023 alone, with full-year GGR standing at €1.9bn for the division. OddsMatrix, the sports division, brought in another €74m in the fourth quarter and the full-year result landed at €190m. Platform also grew, with the company hitting net revenue of €7.9m, the company reported.

In terms of actual milestones, the company had a lot to report. The firm brought the total number of partners to 300 across the globe, with a determination to continue growing. Two significant milestones included the signing of Bet-at-home in Germany and Szerencsejáték Zrt, the Hungarian National Lottery, both celebrated as seminal business opportunities.

Apart from this, EveryMatrix grew with the acquisition of DeepCI, a company that focuses on providing insight to affiliates through the use of real-time and big data tracking, with the company’s new division poised to generate new avenues of opportunity for EveryMatrix. Just before the year was out, EveryMatrix grabbed headlines once again, announcing the launch of its PlayMatrix solution, its first live casino foray, along with the introduction of the company’s first live roulette product.

Group CEO Ebbe Groes was naturally excited to see his company achieve such significant gains over the past several months and significantly increase its business relevance and financial standing.

"2022 was phenomenal but this year’s numbers are mind-blowing. Every business unit and every one of our employees has contributed to a stellar set of financials proving we really are among, if not, the industry’s fastest growing iGaming technology supplier," Groes stated.

There were other milestones to celebrate as part of the end-of-year highlights, including the obtaining of licensure in Pennsylvania, and the company’s global team growing to more than 900 team members.

Image credit: EveryMatrix